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economy, and bring down energy costs. the budget also promotes economic growth, job creation, supports research and development in the energy sector, and moves america to a more energy independent state. it expands oil and gas development, which could generate a half a million new jobs and $14.40 trillion in increased economic activity. by preventing or delaying domestic energy exploration, the obama administration has driven jobs overseas. in this budget, the house republicans in the subsidies, -- support for this budget translates into a response will plan to grow our economy and create jobs. i yield back my time. >> i would like to yield two minutes to the gentleman from indiana. >> thank you. what we are doing here today, people in america are hurting. too many parents have come home and tell their children they do not have a job. washington has refused to make the tough choices necessary to jump-start a healthy economy to create jobs and opportunity for every american. we hear a lot from the other side of the aisle about a balanced approach. there is not much balanced about a budg
is beginning to court the global economy rough e sale ofydelic power. weskosan achieve sustaible delopment, generang ecomic growth of its indigenous tions wd its natural environment. the mekong river traces an 1,100-mile path through or along the border of laos. the river has also been a barrier between laos and its neighbors. now there is a road, where before there was none. in 1994, the friendship bridge gave laos its first land link with the outside world, through thailand to the west. the bridge may symbolize a connected future, but laos in the here and now remains among the poorest countries in the world. ( rooster crows ) it is the least developed country in the lower mekong basin. life expectancy is low, about 53 years. ( rooster crows % of cn e maourished. the potential changes brought by economic development are enormous. the soil here is rich and fertile. laos remains a largely agrarian society. lowland peoples practice wet rice farming. the capital, vientiane, has a population of just half a million. the rest of the 5½ million laotians are spread over 155 million square miles o
security at this time is not the deficit. it is the economy. it is the lack of jobs. it is a future where the u.s. cannot compete with its global peers. this will bring us closer to that scenario. chairman ryan and i share wisconsin. this is a blue-collar county where people are proud of the work they do and they want to be working. but they are struggling. four years ago, 2000 employees lost their jobs. a company announced they were shutting down. we do not help them or america when we keep tax incentives for companies to ship jobs overseas instead of incentivizing companies to hire in wisconsin and in america. we do not help them when we cut programs and raise taxes on the middle class so we can lower the tax rates for the top earners in this country. that seems to be what we received in the budget that is on our guest today. budget should reflect values. what we need to do is focus on economic growth and how to get the people of america back to work. we need a real path to prosperity. when we invest in infrastructure, research, development, small business loans, we can increase competi
to meet with house democrats. >> economy is trying to give us signs it wants to launch. the president wants to be there to make sure that the 535 elected members in congress. and the individual american people elected to be president of the united states are ready to launch with the economy. >> also today, treasury secretary jack lew talked about the possibility of finding bipartisan compromise. >> i think there is a growing sense that everyone knows where the balance fair deal is. everyone knows we need to get there. they just don't know how to get there. you have to start. >> today, as far as discussions about reinstating some of the white house tours ts in, in the briefing jay carney says there has been discussions about trying to get specific groups in. no decision on that point and no plans to reverse the overall decision to suspend tours for now. >> bret: shannon bream live on the white house lawn. thank you. the dow's run is now in double digits. the industrial average made it ten straight winning days to gain 84 today. closing at another record high. s&p 500 was up 9. the nasd
jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. butewly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own peak tantalizingly close to it, there's a bat
jobs and improve the economy in every one of our districts, in every state in the union. i would turn, if i could, to my colleague, mr. polcan, who has some of the rations. >> i am glad you brought this amendment forward, mr. blumenauer. when i was on the joint committee on finance, we were the only committee in the country that had to approve every single dollar that came through from the recovery dollars. in our state, every single dollar came to our committee. i got to see exactly where those investment dollars went to our transportation projects. we had a report at the time from the road building and vertical construction industry, not your most left-wing organization, that said 54,000 jobs were saved or created in wisconsin because of that investment in infrastructure. i remember sitting in this very room and i asked dr. elmendorf that same question. i said is it true, and he set up to 3.3 million jobs were saved or created because of those recovery dollars. i can tell you in wisconsin, we saw the benefit. it came from the private sector. we saw the benefit for small businesses -
be a great power. grow rich, but remain a one- party state. >> as the economy continues to thrive, much of the west is locked in uncertainty. what can nation's land from ,ountries like china, mexico and brazil? that is the topic addressed by the dean of new york university in his new book "turnaround." what do you think? this idea there needs to be political freedom in china in order to have economic growth. delimiteral freedom on economic growth? >> places that are free, we see economic growth in both places. democracy has its own fruits. democracy has also sometimes struggled with economic change. both systems can produce austerity. >> are their commonalities in those countries that have had significant economic growth? are the things they have done that have succeeded? >> yes. there are three keys to prosperity. this a plan, clarity, -- discipline, it clarity, and trust. policy,ontext of fiscal they have been able to save for a rainy day. when times are good, you have a cushion when things are not so good. >> this was pointed out in the 2008 crash. or a decade, the west dictating the
boost to jobs and the economy. doug joins us to break it all down. >>> plus the government dumps key crop reports this year all thanks to the sequester. that means pricing chaos for milk and other products. a top commodities trader tells us how bad it could get for you. >>> the dirty secret for electric cars. they are supposed to save us money and save the earth but they're more expensive than you think. one of "time" magazine's most influential people in the world is here to explain exclusively why. even when they say it's not, it is always about money melissa: so we've got to start with today's market moment. we keep breaking record. get this, it is getting ridiculous. u.s. jobless claims fell unexpectedly give investors a fresh dose of optimism about the economy. the dow closed at a record high for the 8th straight day. it has posted gains for ten straight sessions. the dow is on the its longest winning streak since 1996. the nasdaq also hit a new 12-year high. the s&p 500 is now less than two points away from hitting it all-time highs. >>> our top story tonight, the rapidly balan
are for better or worse, ingrained features of the american economy. since when did cutting the deficit become such a big budget priority. we'll discuss the gop's attention deficit disorder when the ranking member of the house budget committee, congressman chris van holland joins us, just ahead. >>> time for the your business entrepreneur of the week. las vegas anesthesiologist took his experience in the e.r. and created a hangover cure, using an iv-administered formula. he put it on a bus, treating suffererses up and down the strip. we're here! we're going to the park! [ gina ] oh hey, dan! i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a jetta. that's the power of german engineering. right now lease on
't afford higher taxes, especially in the obama economy. and if that's really the kind of budget senate democrats plan to offer, it would sacrifice america's hopes for sustained economic recovery at the altar of higher taxes and bloated, unaccountable government. it would also draw an important contrast with the budget republicans put forward yesterday. because here's the thing, republicans believe we should be growing the economy, not the government. growing the economy, not the government. and the house republican budget reflects just those priorities. it's a budget that does something else too. it actually balances. it actually balances. that's important for a number of reasons, not the least of which is that it would help unleash economic growth and bring down our country's massive, massive debt load. interest payments on the national debt alone are set to exceed everything we spend on defense. interest on the national debt is going to exceed everything we spend on defense in just a few years' time. so the path we're on is clearly not sustainable. with that in mind, i hope democrats
think it depends on how fast the economy is moving. if the fed is able to engineer the customonsumer taking over, they can back up. i don't think it affects the market. if the economy is not moving at 3% or faster, then it will back up. >> rick santelli, the economy not moving at 3% or faster is what michael crofton is talking about. when do you expect that kind of growth? >> you know, i think growth is going to remain well under 3%, 2.5% to 3% for a while. and i think any type of calibration change between the interest rate complex, whether it's through the market forces or it's through the federal reserve, any type of recalibration is not going to be received well by equities. no matter if you think 10 to 50% of what's going on in equities is the real deal with a better economy, and you believe the balance is the fed, no matter what it is, it's been pedaled to the medal. and once the recalibration hits, i don't care when it hits, it's not going to be pretty. so, therefore, i don't predict that the fed is going to do it voluntary. and i think in europe, there could be an arch duke f
it is simpler, fairer and more competitive to grow our economy. secondly, it actually produces a balanced budget. why is this important? a balanced budget will give young people more opportunity. a balanced budget will protect programs and preserve programs that are essential for seniors. and most importantly, mr. speaker, a balanced budget will encourage and promote a healthier economy. mr. speaker, it's time for washington to take a lesson from minnesota families and deliver on a balanced budget, and i yield back. the speaker pro tempore: the gentleman yields back. at this time the chair lays before -- are there further requests for one minutes? seeing none, the chair lays before the house the following personal request. the clerk: leave of absence requested for mr. culberson of today, mr. gardner for today and mrs. napolitano of california for today. the speaker pro tempore: without objection. hese requests are granted. under the speaker's announced policy of january 3, 2013, the gentleman from wisconsin, mr. poe can -- pocan, is recognized for 60 minutes as designee of minority leader. mr. p
, and that's a sure sign that the overall economy is doing the same, though it still has a long way to go. in fact, more homes could be sold this spring than in years. earl lee is president of prudential real estate affiliates. mr. lee, i know your company has done a little survey about all this. what did you find? > > one of the things we found was that home ownership is still a very important part of the american dream. in fact, 96% of our respondents replied it is a very essential part of what they are looking for in their lives. i think one of the reasons why that is really important is i think if we go back several years, there was a lot of information out there that we were going to become a nation of renters. and that obviously is not true based on our survey. > people certainly want to buy but economically, is buying a home still affordable? i know interest rates are down and so are home prices, but a lot of people aren't making as much money as they used to. > > that is true. i would say to you it depends on which sector. it also says that all real estate is local. clearly in m
cold? [laughter] first let's talk about the top story tonight, the fragile economy. economic growth is stagnated. unmyment is stub bornly high and by midnight tomorrow the spending cuts, sequester, congress and the president subjected themselves to to force them to make a deal before the sequester took effect because the effects would be so drastic and dire that it's taking effect. listen, this is bad news my brothers. you can imagine what the mood on wall street is. >> hope and optimism here on wall street. >> merger mania is back. >> the highest bubble since 2005. >> merger mania is back with a vengeance. >> jon: ah-ha! whoo! what else would it be back with? humility? no (bleep) vengeance. the merger mania. who are the lucky couples. details. >> offense depot and office max are merge. >> and higher busch and groupo modelo. >> warren buffett is buying heinz. >> jon: jiffy pop and jiffy lube. the two office companies makes sense, not so clear on why buffett and heinz are getting together. i guess it's a strategic value add the acquisition for buffett tour a terrible misunderstanding
different and so much better in the economy then. the economy, i remember it well. jobs were plentiful, easy to get. we had people hiring in everything from technology to finance, manufacturing, housing, retail was smoking. 1996 we were at the cusp of the technological revolution where the internet was just beginning to take hold of the consciousness of entrepreneurs. i was running my hedge fund back then and at the same time starting thestreet.com which remains an important focus for me now. i started the street because i envisioned a world where your personal computer married to a phone line could get instant information about stocks that you cared about. not just the ones that the day-old newspapers cared or even the television. the era where people would be able to buy or sell a stock with a key stroke using a personal computer with very low commission rates was just getting under way. what a remarkable time that was. the last time we were up so many days, okay? for the dow, that time. when you had a brand new pentium powered pc with microsoft windows and netscape browser and an america
economy of our church is another big step in the right direction. >> reporter: the president along with first lady said is one wishes to the new pope in a statement that reads in part by look forward to working with his holiness to advance peace, security, and dignity for our fellow human beings fifth regardless of faith. we have also learned that vice-president biden will trav to rome for the pope's installation. lou: thank you very much. fox news correspondent. turning back to washington. the president asked by an unnamed republican whether white smoke would be emanating from the capitol building after today's meeting with republicans . the president responding, i think that straining the analogy a lot of folks would agree with them. not a surprising sentiment considering the president gave a national interview before the meetg trying to downplay the possibility of striking any kind of bipartisan deal on budgets cut taxes, and deficit reduction. >> it may be that the differences are just too white if their position is we cannot do any revenue or we can only do revenue if we get m
reduction is very important, but creating the millions of jobs that our economy desperately needs is even more important. i would go further than that. everybody -- i could tell you in the state of vermont and i suspect in the other 49 states, we have a serious problem with roads and bridges and water systems and schools, broadband. we need to invest in our infrastructure to make this country more productive. when you do that you create jobs. so i am a big fan of investing in the infrastructure and strongly supportive of that proposal. i would have gone higher. host: you can see here in wall street "washington journal," republican plan and blue plan in -- for the democrats. you can see that there. guest: that's the real issue. do you really think that the only way we can move to deficit reduction is cut, cut, cut? when revenue at 18.2%, the lowest in 60 years, i think there needs to be a balanced approach and we need to close outrageous loopholes that corporations enjoy. host: talking to bernie sanders, independent in vermont. folks are eager to talk to you. let's go to edward in grand pr
stock market and rising investment returns in the economy. but it's not all good news out there. detroit, take a look at the new man in charge of your money. governor rick snyder naming kevin orr as emergency manager for the financially distressed city. i think bankruptcy and busted union contracts are the only answers, i will speak to the kwov nor and mr. orr about their chances and president obama, very interesting things to tell republican senators this afternoon. he says he's for corporate tax reform and willing to push fellow democrats on entitlements. is the charm offensive starting to pay off? "the kudlow report" begins right now. first up tonight, a nice 83-point move higher for the dow, makes it ten straight days of gains. we have details of another day of record highs, good evening, ka kayla. >> reporter: jobless claims fell unexpectedly and gave traders more confidence in growth. the dow sitting above 14,500. up 83 points to 14,539. this month the dow has been up nearly every single day. the s & p within four points. all time record closing here. 1,563. on rising rates on trea
reserves lately. they did lower their inflation rate, express concern about the economy. i was surprised that the market is buying euro/swiss on this. we feel that euro/swiss is going to head out, that they are very concerned. the actual statement didn't break any new grounds, but i guess the vigor with which they reiterated their desire to defend the floor influenced some people in the market. >> don't they just love a central bank to come -- i know the message has been here. in some points, the swiss bank is benefiting more from the fact that people seem more willing to take a risk with the euro as opposed to chooting to fight it on the floor at this point. >> i think so. it's interesting with respect to the italian election that even though this considerable uncertainty doesn't seem to be showing up in terms of the sorts of tail risk factors that were taking the euro down last year. so i think that the snb is benefiting from that. they do have a lot of credibility and they indicate that they will use opportunities to push euro/swiss up. and i think that the market is mindful of that,
and i think most of the country, greta, hear the president's articulated view of the economy, they hear the same rhetoric that led illinois to be a financial basket case. chase revenues, the revenues underperform. don't deal with the underlying spending problems and now what's going on in illinois? almost 10 billion dollars in unpaid bills, almost the second highest per capita debt of any state in the union, higher than average unemployment rate, a downgrade in the credit rating and all of these things are exactly what president obama portends as he articulates he needs more and more and more reven revenue. when you said that to him what did he say? >> look, barack obama is an incredibly skilled guy as relates to these types of questions. when it came down to it, he doesn't have an answer because there is no answer. >> what did he say to you? >> he said oh, it's a bipartisan problem in illinois and goes back and wants to relitigate illinois history, but i think what his challenge is, how to create a bipartisan agenda in this -- in this town when what he's doing is redefining terms. so,
the world's second largest economy, after the united states. and it is the second largest foreign holder of u.s. debt, about 7.5% of the total. but the two nations' economic relationship has been marred recently by allegations of widespread cyber-attacks on american targets. >> increasingly, u.s. businesses are speaking out about their serious concerns about sophisticated, targeted theft of confidential business information and proprietary technologies through cyber intrusions emanating from china on an unprecedented scale. >> woodruff: china's foreign minister initially dismissed the allegations, but on tuesday a spokeswoman took a different tone. >> ( translated ): what the internet needs is not war but rules and cooperation. china is willing, on the basis of the principles of mutual respect and mutual trust, to have constructive dialogue and cooperation on this issue with >> woodruff: u.s. officials welcomed that statement, and today, white house press secretary jay carney said president obama telephoned xi to congratulate him on his election. as for the cyber-attack issue... >> i can
, getting our aaa rating back, dollar policy. where our economy is going as we face tax increases. of course the sequester questions. peter will cover it all. you don't want to miss it. that is in about nine minutes from now right here. also driving money towards transportation. that's what legendary investor wilbur ross is doing. find out what he is buying and selling. wilbur ross doesn't like to give picks but he has a couple of them. also if he think this is rally has strong legs. with $5 billion under management he is someone you can not afford to miss. >>> before all that we're going to tell you what drove markets with today's data download. the dow is making history once again, posting its 8th straight record close. the longest streak of record closings since november of 1996. the s&p and nasdaq also ending in in the green with the s&p now less than three points away from its all-time high. >>> energy and technology were the best performing sectors. the number about americans filing for new jobless benefits fell for the third week in a row. initial claims unexpectedly dropped by 10,000
to the economy, and now we see china trying to grab a piece of the action. what do you think of that? >> well, it shouldn't surprise me. they have invested in the oil sands and in alberta, there's a pipeline in canada. it seems like a natural move for them, but i have to tell you i'm uncomfortable with chinese company, which is probably state owned or at least has state money involved in it, setting up a fuel stations in the united states, at least, i hope they use american equipment and american people to build them. >> it's an open question. i'm sure they will, but, you know, to what degree, because i know a lot of countries had issues with the chinese coming in and making a move on natural resources in their country. do what degree do we oppose that or get in the way of that? what makes sense? what policy should the government pursue, frankly? >> well, if they want to buy them, that's fine, but i permly have a problem with them coming in and buying our land, and they are doing it right now with oil reserves in texas and oklahoma, so i got a problem with it. i just don't know as a free trad
at this 14,500, in that range, the economy is in better shape arguably and back then. why can't we be happy about this? >> well, we should be. our report showed this. the levels we are looking at right now, economic indicators, valuations, monetary sentiment, etc., really the only thing that looks out of mind is how far the index it is from the 50 and 200 day moving averages. dennis: where, generally, speaking in stocks, would you put money now and is it basically a bet that we keep moving higher or a bat to protect yourself from moving lower? >> leaning towards we just celebrated our fourth birthday and five of the six bull markets since world war ii that did so went on to celebrate their fifth birthday. number four was on march 9, number five will be a year from now. it is the cyclical factors that tend to lead the way. dennis: that what all kind of messed together. thank you so much for being with us. sam stovall. >> my pleasure. melissa: just a month after carnival cruise ship was stranded at the. another one is stranded. carnivals dream was wrapping up its trip when the emergency diese
measures also create good quality american jobs that can help grow our economy for the future. it's a win-win that we should all support. that's why last month i reintroduced two bills that would help our local communities implement these cost saving measures. one is the coastal state climate change planning act which would provide for coastal states who wish to carry out adaptation projects in order to prepare for the impacts of climate change. and another bill is the water infrastructure resiliencey and sustainability act, supporting states wishing to update their aging storm, waste and drinking water systems in order to adapt for climate change. these bills would help our local communities to plan and prepare for the impacts of climate change and increased extreme weather. our communities deserve protections from these potentially devastating events, and we have a responsibility to help. mr. speaker, we have a choice. we can continue to spend tens of billions of dollars annually on emergency aid packages that will only grow in size and quantity or we can spend a fraction of that on pla
according to the local immediate roll gist. the economy is hurting badly. this was a jolt for the economy. or seemed to be. italians react to the man as we think he will? he is of italian heritage, and so many people in argentina have italian roots. 50-60% of the population, i have now read, in argentina with italian linage in one way or another. this is bringing together two worlds. worlds where the papacy resided forever and where the catholic people's numbers are the highest. it's interesting this is the dawn of the new day for the church. they could use the hope and inspiration. >> kimberly: we're going to bring in eric bolling. >> eric: hey, shep. cardinal begala chose the name pope francis. the first francis, not the second or third. the first time. he came out and the first words he spoke very informal. he's said to have lived in a small apartment in argentina where he could have lived in a palace. his informal, humbleness, does it give us insight to what his papalsy will bring? >> those in the know seem to believe it would. pope john paul ii in 1978, his self-deprecating umore led
, eventually as the economy recovers, slowly recovers, that's going to go up. don't forget natural gas. it's becoming a very r v real threat. >> i don't have a lot of time to make good op a bet, but i'll win this bet. phil, what could get in the win of your predictions? >> well, basically, the government's getting involved in fracking and going away from it, but, you know, i don't think the governments can get away from this. we have seen this in history before, neil. we go from cycles. remember the first time we had peak oil, a few years ago, running out of oil; right? we talked about whale oil. the market builds a better mouse trap, and right now, we are at the most significant juncture in u.s. energy. we're going to change the energy mix as we know it going forward. how you thought about energy five years ago totally changed. neil: i don't know. you have your own white puff of smoke you had today, i want to thank you, and speaking of the other big story of the day, white smoke means, as you know by now, we have a new pope, in fact, we have the first latin american pope putting a stamp o
within striking distance of the all-time high. is the economy turning the corner or is at market bubble? >> plus, report hack of the first ladies, vice-president and jay-z, apparently including kanye west, bill gates, and others. a knew travel night mar for folks aboard the carnival dream ship. >> our 401ks are on track for another historic day, continuing a winning streak like, well, we haven't seen in the better part of 16 long years. a live look. there's the big board. on the corner of wall and broad. wow, up 62-points. they do you has been running on all-time high, and news that new unemployment claims fell last week to a five-year low. of course, a lot can change in this final trading hour, but if it stays in the green it would extend the dow's rally to ten days, brand new record high. as i mentioned. just take a look how the dow has taken off this month. wasn't long ago that folks celebrated crossing 14,000, and now it's holding steady 500 points higher than that. charlie joins us here on the set. what's the school in. >> we should point out that 14,000 is where it was in 2007 bef
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk this morning. the dow has reached a ninth straight up session. is the market due for a correction? we've been talking about that for a long time. let's start that discussion. we have a couple of people joining us. gene peroni, senior vice president and portfolio manager at advisers asset management. we have joe kinehan. and on set, david pearson, senior vice president and chief economist at nationwide insurance. do we think a correction is coming? >> you know, there are corrections all the time. as long as the fed keeps monetary policy with pedal to the metal expansion and the economy is growing, then the trend in the stock market should be up. >> i'm going to go to santoli. do you think a correction is coming? >> i thought the ingredients we
the economy, put people back to work and if we do that, we're going to be bringing in more revenue, if we have controlled spending, and we have smart entitlement package, then potentially what you have is balance -- >> bill: potentially. the president thinks he he can get the federal budget under control. potentially. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a s
lots of money into local economies. >> the san francisco controller's office came out with a report last year that said $4.2 billion was pumped into the san francisco economy from the nightlife directly. >> it would probably be bad for, like, police enforcement, those having to do their job more. >> there's a school of thought goes, wait a minute, there's nothing good that happens after 2:00. [ laughter ] >> i don't know. a lot of good things happen after 2:00! [ laughter ] >> reporter: just so it's clear, the law as it stands now allows some places to stay open until 4:00 am. they just have to cut off alcohol at 2:00 am. back here, they have to cut it off at 2:00 am, and everybody has to go home at 1:00 am. >> so are people worried that by keeping the bars open longer, it may lead to more problems like fighting and even duis? >> reporter: that is a good question. and the senator said they looked at the scientific data in other cities that do this, las vegas, and new orleans, and there are no facts to support what you might suppose, that there is an uptick in traffic wrecks and deat
is -- we've got two crisises going on. one we are in a job crisis, a slow economy, and how do you address that, austerity and cuts, spending cuts, and raising taxes, and the republicans are right about that raising taxes slows the economy, cutting spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true. both side are actually right about this. now the question is -- and we've avoided killing the economy by trying to address it. jon: everybody a grows that the long-term driver of the problem are the programs like medicaid, social security. so this president doesn't have to run again. why not do something bold and tell americans, you know, if you're under
we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we continue to tour. reputation grows and grows and grows and it has never stopped going forward. msk(music) >> the bay area knows the orchestra. you maybe take things for granted a little bit. that is simply not the case will go on the road. the audiences go crazy. they don't see vitality like this on stage. we are capable of conveying joy when we play. msk(music) >> any performance that we do, that a program, that will be something on the program that you haven't heard before. string orchestra repertoire is pretty small. i used to be boxed into small repertoire. i kept constantly looking for new repertoire and
, we like to see that because it means the economy is doing better. of course, we talk how the federal reserve is playing a role in the rallywell. standing behind the economy and keeping the interest rates low and making sure that we can keep this economy bubbling along. so, every day we're watching this and every day it's going higher, harris. >> so you're sitting at home and not a big time investor. watching your retirement funds, is now a good time to put money in stocks. >> the people we're talking to saying he we could have a retrenchment, 2, 5, maybe more on the big board, the dow stocks and that's an opportunity for people to get back in if we have a pullback, that's what i would wait for. if you've got a long time horizon, be in stocks, you want to make sure you're going to fund your retirement with investments that last over a lifetime, not over 20 minutes or two seconds, like the pros sometimes do, harris. >> gerri willis, thank you very much. libyan authorities reportedly holding a person in custody tonight in connection with the terror attack on the u.s. outpost in benghazi
're doing. if we have a growing economy but if the leaders of congress can't come together and deal with the sequester and the possible shutdown and we continue to live in these short- short-term crises, it diminishes our strength around the world. it does. >> michael: that seems to be happening. you told us straightforwardly and exactly what it is democratic strategy kiki mclean, thank you for coming in to "the war room" today. >>> undeterred from the angry stares and slack jawed confusion from the media, elizabeth warren continues to speak truth to power. the latest on her introduction to this unique phenomenon in washington that story next. with award winning documentaries that take you inside the headlines. real, gripping, current. documentaries... on current tv. you're invited to take the lysol wipes challenge. try lysol dual action wipes and see the cleaning power. lysol dual action wipes have 2 sides instead of one. a scrubbing side that cleans tough stains better than clorox. and a smooth side for everyday touchups. all while killing 99.9% of germs. take the lysol w
she said yes before we prosecute bankers we ask for permission. will it help the economy? will it help the bank shareholders? who gives a damn if it hurts the bank shareholders. did they ask you is it going to hurt your family or your shareholders? no there's two separate sets of rules. we'll talk more about that tonight. right now "viewpoint" is next. stay right here. >> john: for the past few days rome has been a gathering of men, mostly in costume but now argentinian cardinal jorge mario bergoglio is now francis 1. i wish he would have kept the named jorge. they tried to use the old electronic voting machines but they had to stop because every time they voted george bush kept winning. that's not true. president obama tried the charm offensive on republicans who were offended by his charm. the only way you can get modern republicans to agree on government spend something to declaring war on the country that never attacked us. today is the birthday of earl gray and adam clayton and j.p. morgan ceo jamie dimon. wouldn't it be great if all of we taxpayers got together and buy him a gift
. >>> new report says california's economy will continue to improve with increase business investment and decreasing unemployment numbers. the forecast said it is estimated to grow 2% this year and 3% the following year. in california unemployment is expected to hit 9.6% this year and drop to 8.4 in 2014. >>> report shows retail spending is up despite higher taxes. americans spent at a fast pace in february. experts say the new numbers show people continue to spend even with higher payroll taxes cutting into their take home pay. experts predict a growth for the u.s. economy this year. >>> traders on wall street kept the market's streak going for a 9th day. the dow is up 5 to 14,455. the nasdaq is up 2 at 3,245. the s&p is up 2 to 1,554. >>> a new plan to extend last call has californians and bar managers worried. >> and we had numbers into the low 80s in some neighborhoods. more fog out there now and it will increase tomorrow, that mean as cool down -- means a cool down, how much cooler for your bay area thursday? i will have the details. . >>> we have breaking news right now from in
. that is terrible for the economy. march 27 there will be a speech in georgia from steve moore. i'm sure the last thing he will say is we need to increase taxes. host: where do you see and that they can come together? caller: i have been working in politics 50 years. the republicans have compromised ourselves into a $16 trillion debt. it's time for the democrats. we have got to cut spending. obama is not doing anything accept raising taxes -- except for raising taxes. the rich are the heroes because they create jobs. i'm not against poor people, but they cannot give anybody a job. we need to stop the attacks on the rich. we need to cut spending. i am thinking of changing my name to cut spending. host: here is what steve wrote on twitter -- let's hear from dennis in massachusetts, independent. caller: how are you? i am reacting to the report that the senate plan suggests another quarter billion dollar cut to medicare after the $760 billion cut that the senate democrats have already made. as your reporter just said, but guess you havd, it's doubtful that will not affect medicare beneficiaries. i am
the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. no. oh dad, you remember my friend alex? yeah. the one that had the work done... good to see you. where do we go when we die? the ground. who's your girlfriend? his name is chad. and that's where babies come from. [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. it's oscar mayer. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before i
the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, here's a telling number about the state of our government right now. according to a new gallup poll, the number of americans who say they're dissatisfied with the government is the highest it's been since watergate. 20% of those polled, one in five say the satisfaction with the government is the country's biggest problem right now. that's up from 16% just last month. it's climbing and trails only the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. >>> welcome back to "hardball." the conservatives have come to town to washington. the annual cpac conference is under way just outside washington. it's making news
economy and i suggest even our very way of life. we need a whole of america solution to this national problem, and the department of defense absolutely has a critical role to play in that effort. if you believe that the d.o.d. has a vested interest in having reliable sources of energy, you should agree that new fuels meet their needs. as i mentioned, we're all concerned about the effect of sequestration on our troops, but we can't solve our problems with the same kind of shortsighted thinking that got us here in the first place. killing the navy's boistles program -- biofuels program, make no mistake, that's what this this amendment would do, will cost more money than it saves. it will set back an destroy poised to provide our country with enormous and important benefits. and it will make sure, it will ensure we keep pouring money into foreign coffers. i want to urge my colleagues to continue to support smart investments in our future like the navy's biofuels initiative. therefore i urge my colleagues to oppose the toomey amendment. mr. president, thank you for your attention. i yield
it revived the economy, that is the kantian idea. he is an economist and he is well known in the circle, he and his colleagues spending the last 10 years looking at 17 countries and what they have done with the budget over 30 years, they simply wanted to find out what works and their analysis concludes what works is spending cuts. your economy will revive overtime. it is usually flat or even causes a worse recession. the poster boy, believe it or not, is canada which enacted deep cuts in the 1990s. japan had done this infrastructure spending for years and has gone nowhere. dagen: we might already be there, unfortunately. the dow hitting another record high for the next day straight logging its longest consecutive winning streak since late 1996. with that in mind, bob beckel had this to say about the spending debate and the spending cuts last night on the "o'reilly factor." >> a simple question, when you woke up this morning what was it about the federal budget deficit that hurt you in any single way? dagen: i was curious, that struck me. also joining, his colleague, wells fargo chief portfo
since 1996 and big banks are upping outlook on the economy and we're going to bring you the real headline after the break. the opening bell is next. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> all right. so we're a little less than 50 seconds away from the opening bell. nine straight days of rallies and i've got to tell you, e-mac, the most hated, most stealthy rally in the history of the stock mar
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